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Chinese shares dip to near four-year low


08:53, November 28, 2012

BEIJING, Nov. 27 (Xinhua) -- Chinese shares closed at a near four-year low Tuesday as investors worried over an anaemic global economy and liquidity shortage on the stock market.

The benchmark Shanghai Composite Index dipped 1.3 percent, or 26.3 points, to end at 1991.16, the lowest level since February 2009.

It was also the first time in nearly four years the index finished below 2,000 points.

The Shenzhen Component Index closed at 7,936.74, down 79.33 points, or 0.99 percent.

Combined turnover on the two bourses grew to 78 billion yuan (12.4 billion U.S. dollars) from 63.9 billion yuan on Monday.

Shares ended in green across the board, with losers outnumbering gainers by 924 to 42 in Shanghai and by 1,456 to 59 in Shenzhen.

The fall came after European and U.S. stocks suffered on Monday amidst concerns over debt woes in Greece and the so-called "fiscal cliff" that will see spending cuts and tax rises in the United States.

The Dow Jones industrial average dropped 0.33 percent on Monday, while the FTSEurofirst 300 Index went down 0.5 percent.

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